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AfricaMoney | August 18, 2017

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Africa a destination for the super-rich with around 43 000 multi-millionaires visited Africa in the 12 months to September 2015.

December 29, 2015 | “Millionaire Tourism in Africa,” says that around 43,000 multi-millionaires visited Africa in the 12 months to September 2015 amidst new visa rules that made it more difficult for visitors to go to South Africa, with Chinese and Indian millionaires are common visitors to Africa, especial...
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Global Innovation Index 2015: Mauritius tops the list in the Sub-Saharan Africa region and ranks 49th globally.

September 23, 2015 | Mauritius, South Africa, and Senegal are the top three economies in the GII rankings for the sub-Saharan Africa each region, in addition some African countries—in particular, Burkina Faso, Kenya, Malawi, Rwanda, and Senegal—stand out for having made important progress. The (G...
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Lafarge Mauritius now forms part of global cement brand LafargeHolcim

July 20, 2015 | Lafarge Mauritius finally gets the green signal to be part of LafargeHolcim, the global cement brand that has arisen from the international merger of France’s Lafarge and Switzerland’s Holcim, but Holcim Mauritius will have to sell its operations to a third party in order to maintain com...
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Global Opportunity Index 2015 ranks Mauritius 1st in Sub-Saharan Africa; 31st globally

July 20, 2015 | The small island nation of Mauritius continues to be one of the most economically successful and stable countries in Africa according to the Global Opportunity Index, which ranks the island first in Sub-Saharan Africa and 31st globally, as one of the economies that is most open to foreign in...
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SAITEX 2015 SA proves beneficial for Mauritius with bulk orders received

July 13, 2015 | Bulk orders of LED television sets, made in Mauritius for the Zimbabwean and Mozambican markets, is one of the positive developments for Mauritian exhibitors from the Southern African International Trade exhibition (SAITEX) 2015. According to Enterprise Mauritius, the outcome of ...
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Africa to tap vast services sector; Mauritius to leverage growth benefits

July 13, 2015 | 'Unlocking the Potential of Africa's Services Trade for Growth & Development' is the focus of the UNCTAD report 2015, such that releasing the vast opportunities inherent in the services sector will enable African countries to enhance the prosperity of their peoples, while allowing Maurit...
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South Africa & Mauritius sign MOU for revised tax treaty to be effective from 2016

June 15, 2015 | The Double Tax Avoidance Agreement between South Africa and Mauritius is likely to come into effect from 1 January 2016 onwards; thus, the Mauritian international financial center is set to register steady growth with the new treaty on avoiding fiscal double taxation with South Africa to add...
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Mauritius plays host to Africa-focused mining investment summit

June 12, 2015 | Mines and Money Access Africa, an Africa-focused mining conference that attracted some of the highest calibre global mining and investment professionals, allowed for ample networking opportunities along the idyllic coastline of Mauritius, making it an annual event on the mining conference ca...
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South African fund to list $149 mn shares on Stock Exchange of Mauritius

June 5, 2015 | Public Investment Corporation Limited, a South African public entity, will buy 6.38 million shares in Bayport Management Ltd for $149 million and these shares will be listed on June 17th , further consolidatingthe position of Mauritius as a platform of Africa-bound investments.(Im...
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Mauritius climbs to impressive 39th in WEF’s Global Competitiveness Rankings

June 5, 2015 | Mauritius is the region's best performing economy, followed by South Africa, to rank 39th and 56th respectively, making them the African continent’s top performers and coming in above the Southeast Asian and emerging market economies of Brazil and India.(Image: Read More

World Economic Forum meets in Cape Town to discuss future prospects for Africa

June 4, 2015 | The World Economic Forum, currently being held in Cape Town, convenes business experts from Africa and the rest of the world to address issues on the African Continent as well as to debate progress and future prospects of the continent, including discussions around developing the Blue Econom...
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Technology ExpertSpeak: Financial software helps companies to comply with international standards

May 28, 2015 | Ross Hampton and Theuns Holtshousen, Managing director and Business leader of CaseWare Africa respectively, spoke to AfricaMoney on financial software which helps companies comply with international financial standards and place the company in a better position to attract investors. (Image: ...
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Africa to grow by 4.5% in 2015 despite Ebola and weak oil prices

May 26, 2015 | The OECD-led report forecasts a robust growth rate of 4.5% for Africa, which is in line with the International Monetary Fund's projections of 4.5% in 2015, but slightly more optimistic than the World Bank's forecast of 4.0%.(Image:ventureburn.com) Africa will grow by 4.5% in 2015...
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Accounting ExpertSpeak: Women well poised to take on the accounting world

May 21, 2015 | Anthony Harbinson, President of the Association of Chartered Certified Accountants (ACCA), spoke to AfricaMoney on the key role that accountants plays in a country, which goes far beyond ensuring that the numbers are right. Rather, accountants are a key part of the foundation on which econom...
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Rising Africa: 3rd ACOA event encourages collaboration to improve quality of life in Africa

May 18, 2015 | Mauritius had the honour of hosting the 3rd Africa Congress of Accountants (ACOA), a platform for finance professionals to share accounting and auditing best practices and innovations to increase accounting credibility in Africa, together with gro...
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Economic ExpertSpeak: Companies must enhance performance to compete in global village

April 23, 2015 | Ricky Robinson, the Chief Executive Officer (CEO) of LRMG Performance Agency, spoke to AfricaMoney on the importance of companies operating across economic sectors being able to sustain performance in a world which is now a global village with intense competition, where cost effective and ef...
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Africa Finance&Investment Forum 2015 to mull access to finance&entrepreneurship

April 22, 2015 | The Africa Finance & Investment Forum (AFIF) 2015 forum will take place in Cape Town, South Africa over 24 and 26 November, with talks this year expected to centre on the emerging continent's access to finance, and entrepreneurship.(Image:youtube.com) AFIF  is an annual busi...
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Tru-Cape launches City Deep facility in Johannesburg to cater regional needs

April 21, 2015 | The City Deep facility of South Africa's largest apple and pear distributor, Tru-Cape, has just been launched in Johannesburg, placing it in a better position to supply enhanced volumes to neighboring countries, in response to greater growth in African markets.(Image:company) Tru...
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IMF lowers Mauritius’ growth forecast to 3.5% for 2015

April 20, 2015 | The International Monetary Fund has  projected 3.5% growth rate for Mauritius in 2015 as per its April report, which is below previous IMF forecasts of 3.9% growth for the island economy for 2015, in the October 2014 World Economic Outlook. (Image :thetelescopenews.com) An overv...
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After Africa performance solutions provider LRMG forays into Mauritius

April 17, 2015 | LRMG provides services to shape the future of organisations in the Indian Ocean region and has expanded its footprints into Mauritius after being present in various African countries. (Image: Wazna Gunga) With offices in South Africa, Ghana, Zambia, Kenya and 18 other African cou...
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Economic ExpertSpeak: Africa has tremendous potential but must ensure inclusive growth

April 16, 2015 | Jeff Gable, Head of fixed income and macro research at Barclays, spoke to AfricaMoney on the potential sectors to be exploited in Africa and the stock markets' capacity to general favourable returns. He also touched upon the labour market situation in the continent and highlighted that devel...
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Mauritius first in Sub-Saharan Africa on ICT; comes in first 50 globally: WEF

April 15, 2015 | The island economy has topped the list of countries harnessing information technology in Sub-Saharan Africa and is ranked 45 on a global scale by the World Economic Forum.  (Image: 1Cybercity.mu) Mauritius tops the list among Sub-Saharan African countries that are harnessing information t...
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Mauritius tourist arrivals up 10.6% year-on-year over Jan-Mar 2015 to hit 291329

April 13, 2015 | From January to March 2015, France, Reunion, UK, China and South Africa maintained their places in the top 5, in the given order, with 76149, 40113, 25957, 22498 and 20665 tourists respectively. (Image : hartleys-safaris.co.uk) Mauritius welcomed 291,329 tourists over the perio...
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Mauritius makes it to list of top 15 real estate hotspots in Africa with Port Louis

April 3, 2015 | The island economy's capital city of Port Louis commands 14th place in the African Prime Rent Ranking, compiled by global real estate consultancy Knight Frank for its Africa Report 2015. (Image: Sage of travel) Mauritius has made it to the top 15 real estate hotspots in Africa, w...
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Africa contributes top 5 developing economies on global IT Affordability Index

March 17, 2015 | Especially commendable is the case study of Nigeria, which, within just two years of launching its National Broadband plan, has established itself at the second place globally among developing economy on the Affordability Index for the Internet. (Image: http://www.dw.de) Across t...
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Mauritius sees tourist arrivals up 7.6% in January 2015 as Europe resurges

February 11, 2015 | Tourist arrivals from Europe maintained their dominant position with an 11.9% rise in January 2015 to 56,563 footfalls (Image: Blogspot) Mauritius has witnessed an increase of 7.6% in tourists arrivals to its shores in January 2015, compared to the year-ago period. In absolute te...
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Mauritius sees trade deficit narrow to Rs 7.4 billion in November 2014

January 27, 2015 | Statistics Mauritius noted that, compared to November 2013, exports climbed 10% to Rs 8.16 billion while imports into Mauritius rose by a mere 0.7% to Rs 15.6 billion. (Image: Wikimedia) Mauritius trade deficit declined to Rs 7.43 billion in November 2014, improving by 7.8% comp...
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Mauritius hosts a million visitors for the first time in island hospitality history

January 26, 2015 | Mauritius received 1,038,968 tourists in 2014, representing a 4.6% growth over the corresponding period in 2013 when a total of 993,106 tourists visited the island. (Image: Constance) It is a first for Mauritius tourism as the island economy has welcomed more than a million tour...
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South African Airways celebrates 50 years of direct flights to Mauritius

January 26, 2015 | It all started on 25 November 1957 when SAA introduced a fortnightly DC-7B service across the Indian Ocean from Johannesburg to Perth in partnership with Qantas, stopping at Mauritius and the Cocos Islands. (Image: North Glen News) South African Airways, the national flag carrier...
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Mauritius maintains lead for FDI routed to India with 52.3% increase year-on-year

January 22, 2015 | Mauritius has far outstripped Singapore by routing USD 5.21 billion, approximately MUR 168.51 billion, into the Indian economy from April to November, 2014, compared to USD 3.75 billion (approximately MUR 121.3 billion) routed from the Asia Pacific island nation in the same period. (Image: ...
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